GasBuddy News Article

42

votes

Kelley Blue Book identifies top 10 vehicles for resale value

GasBuddy Blog
--
When we buy a new car, we usually know what features and qualities our new vehicle must have, and then it's just a matter of finding the most agreeable price and financing to fit our budget...

But, how do we know if we're getting a good deal on our trade-in?What about residual value? According to the Wall Street Journal auto industry research and information company Kelley Blue Book says consumers can take a big financial hit if they don’t consider how much their cars will be worth when they trade them in.

To help raise buyers’ awareness of resale value, Kelley released a list of the 10 new vehicles it expects to retain the highest percentage of their original sticker prices after five years on the road. ...

Kelly Blue Book usually shows prices a bit higher than reality... not sure in the mix how valuable or realistic this list might be... NADA usually offers a more realistic view of pricing, that said don't know that they reach out to futures for trade in values

This applies only to those folks who regularly trade in their vehicles for new (or newer) ones. There are "investment" minded folks who buy a car with longevity in mind and plan to drive it until it is too old to be driven or too expensive to maintain. We fall in the latter category.

Although resale value is one point to consider for car buyers, what is more important to us is fuel economy and how much of a hit gas prices will take.